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we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will recapture the lost wealth they had and they will recapture that if we get this under control. if we don't get this under control, that's where i would be real concerned about that because who in the heck is going to lend us money if we can't get our own financial house in order. again, this is the time to address this. this is what i came up here for. and we got sent up here to address these things and these are tough decisions. nobody wants anybody laid off. nobody wants anybody furloughed. nobody wants the markets to be rattle
we hit the debt ceiling in 1985. we didn't raise the debt ceiling, we hit it, we didn't raise it for three and a half months. we're still here. we hit it again in 1995 for four and a half months and didn't raise the debt ceiling, we survived that. we will survive this. a lot of this is media hype. of course you had the market drop about 160 points today. markets are super fluid. i predict that if we get this under control, we are heading in the right direction, they will rebound and they will...
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Oct 10, 2013
10/13
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a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with regard to entitlements, with regard to taxes, with regard to the overall level of government spending. those are the things they wanted to discuss with the president. you know, again, as you and i have talked about so many times over the past ten days or more, we still have a potential chicken or egg situation, which is the best way to describe this. jim just played a quick sound bite from the senate majority leader harry reid, who said it's not going to happened, when asked if they would agree to extend the debt cei
a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with...
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Apr 14, 2013
04/13
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ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- notwithstanding -- >> wait. isn't that what it is? the president's mission statement, right? >> of course it is. no doubt about it. this is the president's statement. i worked for ronald reagan when we put our budgets. it's a statement of principle. the point i'm making is there's not a lot in here republicans are going to go say, oh, wonderful idea. we haven't even trauk talked about $1 trillion new taxes which republicans will reject out of hand. the most interesting thing that happened this week when the president proposed what i think is a fairly modest change to social security, oh, my gosh, these organizations on the left, i mean, we had cardiac arrest. and that makes me somewhat n
ceiling. >> the debt ceiling, that even -- that makes me nervous. i'm twitching when i heard the words debt ceiling. stephen, do we think there's any more chance they're moving to at least some kinds of consensus of how we'll run the nation's books before we get to the debt ceiling? >> i'm not sure we are, actually. i think this budget was an ideological document -- notwithstanding -- >> wait. isn't that what it is? the president's mission statement, right? >> of course...
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Oct 11, 2013
10/13
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paul ryan says let's deal with the debt ceiling. are you saying we can't deal with the debt ceiling until we deal with the obama care obsession? >> i whole country understands we have way too much debt. under president obama the debt has gone from roughly $10 trillion to nearly $17 trillion. it's larger than our whole economy. and i think we need to do structural reforms to get our spending under control. but at the same time, you got to fight one thing at a time. you can't fight everything at once. we are in the middle of an epic movement, millions of americans have risen up and said, they want relief from obama care. so washington -- listen. politicians in both parties in washington have not been listening to the american people. but over 2 million americans signed a national petition at don'tfundit.com. because obama care isn't working. >> let me ask it from a different angle. the republicans in the house have now put on the table a six-week extension of the debt ceiling. partially in response i suspect to secretary of the treasu
paul ryan says let's deal with the debt ceiling. are you saying we can't deal with the debt ceiling until we deal with the obama care obsession? >> i whole country understands we have way too much debt. under president obama the debt has gone from roughly $10 trillion to nearly $17 trillion. it's larger than our whole economy. and i think we need to do structural reforms to get our spending under control. but at the same time, you got to fight one thing at a time. you can't fight...
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would be completely combined into any kind of talks in the debt ceiling. of course, the debt ceiling, when you talk about the economy, as we've said so many times would be so much more catastrophic than the shut down has been. >> you heard speaker boehner over the weekend talk about some kind of discussions on budget issues. he clearly -- he took a little shift, i think, dana, right, to start talking about budget issues in regard to the debt ceiling. of course, the problem is, they have to get beyond the shutting down the government. then they can sit down and talk. and then the president's democrats, as wolf was talking about earlier, then they can get really update because they don't want any cuts in medicare, for example. >> yeah, the president, he needs to call up john boehner and the two of them, without anybody else, they have to start talking and talking. dana don't go too far away. gloria sheer as well. >>> two u.s. commando raids overseas signaling just how important american forces have become in gets terrorists. the ranking member is standing by
would be completely combined into any kind of talks in the debt ceiling. of course, the debt ceiling, when you talk about the economy, as we've said so many times would be so much more catastrophic than the shut down has been. >> you heard speaker boehner over the weekend talk about some kind of discussions on budget issues. he clearly -- he took a little shift, i think, dana, right, to start talking about budget issues in regard to the debt ceiling. of course, the problem is, they have...
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Oct 10, 2013
10/13
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on the debt ceiling on the table. why am i saying it that way in the government shutdown would continue. we will break it all down for you, what may make it happen or not happen in just a moment. >> also coming up, the latest on that shutdown shame, military families not getting death benefits. a charity is now stepping in to help and the president and congress have moved to fix it. that's at least, i guess we can call that a silver lining but there is more pain on the horizon for veterans, especially those injured in combat. more on that, ahead. >>> i want to show you this photo. this, as you're about to see, is a hot air balloon catching on fire. this was part of the balloon festival in albuquerque, new mexico. two passengers aboard are in the hospital this morning. we'll tell you what happened here, coming up. >>> first, let's put this deal on the table. short term, what does that mean, what does it mean if they don't raise the debt limit. it's in the works right now. everybody is getting summoned to the white hous
on the debt ceiling on the table. why am i saying it that way in the government shutdown would continue. we will break it all down for you, what may make it happen or not happen in just a moment. >> also coming up, the latest on that shutdown shame, military families not getting death benefits. a charity is now stepping in to help and the president and congress have moved to fix it. that's at least, i guess we can call that a silver lining but there is more pain on the horizon for...
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Oct 16, 2013
10/13
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able to pul
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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Oct 10, 2013
10/13
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hits that debt ceiling. jack lew is headed to capitol hill this morning and testify before the senate finance committee in a few hours. the secretary has already warned congress that the u.s. will not have enough cash on hand to pay its bills if the debt ceiling is not raised before october 17th. that could send the nation into default for the very first time in history. >>> it's ten days since they rolled out obama care and the online glitches are continuing this morning. many have tried to logon to health care.gov. we are hearing more this morning about just what the administration was told about potential problems with this site way in advance. cnn's brian todd has that. >> reporter: luke chung operates a database company in northern virginia. he's an expert on heavily trafficked web sites but even he is frustrated navigating health care.gov. >> this is interesting. >> reporter: what do you got? >> i don't know what i had. i just tried to log into my account that i have already established. >> reporter: a
hits that debt ceiling. jack lew is headed to capitol hill this morning and testify before the senate finance committee in a few hours. the secretary has already warned congress that the u.s. will not have enough cash on hand to pay its bills if the debt ceiling is not raised before october 17th. that could send the nation into default for the very first time in history. >>> it's ten days since they rolled out obama care and the online glitches are continuing this morning. many have...
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Oct 16, 2013
10/13
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ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already feeling this. and washington just doesn't seem to get the message, this is hurting all kinds of corners of the economy, not necessarily the markets yet but it has already been hurting real people. and still that hasn't compelled a deal. it's concerning. >> interesting. christine romans, appreciate the update. joining me now is republican congressman james langeford. congressman good to have you here. what happened in the house today when the vote separated? >> t -- evaporated. >> we said what could we send over to the senate first. go from there. we were not able t
ceiling fight or debt default would look like, it's already here. the shutdown has already cost tens of billions, maybe $20 billion in damage to the overall economy right now. when you go back to the beginning of the budget battles you've got jobs that have been lost by some accounts 800 to 1 million -- 800,000 to 1 million jobs have been lost simply because the budget fighting and jess ter and first debt ceiling fight and all that nonsense. this is already hurting. main street is already...
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Oct 10, 2013
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and i don't think there is an emergency on the debt ceiling. we are spending less than 10% of the revenue to service the debt and this alarm about default is false. >> the plan that paul ryan wrote made no mention of defunding obama care, does that make it a non-starter? >> i don't want to say non-starter because he's talking about the debt ceiling versus the c.r., one of the two. but this c.r. has been about obama care and shutting off the funding to implement or enforce obama care and i wrote that language back in february of 2011. i am invested in it deeply and i think it's important we hold the line and yet, if we cannot actually contemplate the idea we would go on forever and not increase the debt ceiling. let's make sure conditions are right for each one of them. for me if the entitlement reforms are strong enough, i'll take a good look at it. better yet, if we bring a balanced budget amendment to the constitution through the house and the senate and send it to the states where 38 would have to ratify, that would be something that would c
and i don't think there is an emergency on the debt ceiling. we are spending less than 10% of the revenue to service the debt and this alarm about default is false. >> the plan that paul ryan wrote made no mention of defunding obama care, does that make it a non-starter? >> i don't want to say non-starter because he's talking about the debt ceiling versus the c.r., one of the two. but this c.r. has been about obama care and shutting off the funding to implement or enforce obama care...
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raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think it's a possibility. failing to to do this would be unthinkable. it's never happened in our history. congress does have this responsibility. it's a pretty solemn one. it is in the constitution. they have under article 1 responsibility for borrowing. if they allow the debt limb to cause a default crisis i think that would be potentially catastrophic. >> and this is where they might -- and i don't want to be pollyanna here because god knows that doesn't work in washington these days, but they all understand the consequences he
raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >>...
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to vote in favor of raising the debt ceiling? >> i have done that in the past. but i'm not going to sit by and let the president of the united states threaten to use our senior citizens as pawns. he's using memorials as pawns and children and cancer research as pawns. at the end of the day, it's a simple way, we'll send bills over but the house democrats voted no on keeping parks open. they voted no on funding cancer research. they're going to vote no on taking care of veterans. the president should quit engaging in political games trying to create pain, trying to scare seniors and actually negotiate. mr. president, you're not a dictator, come to the table, sit down with house republicans, senate democrats, we will negotiate a compromise. >> what will it take for you to vote in favor -- within two weeks in favor of raising the debt ceiling? >> i think we need to look at what is the plan long term for the fiscal condition of this country. simply doing as the president says, which would mean borrowing trillions of more dollars with
to vote in favor of raising the debt ceiling? >> i have done that in the past. but i'm not going to sit by and let the president of the united states threaten to use our senior citizens as pawns. he's using memorials as pawns and children and cancer research as pawns. at the end of the day, it's a simple way, we'll send bills over but the house democrats voted no on keeping parks open. they voted no on funding cancer research. they're going to vote no on taking care of veterans. the...
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now, he may not want to negotiate about the debt ceiling. he may not want to negotiate about the government shutdown without the clean c.r. so then they should negotiate about what they're going to negotiate if and when -- [ overlapping speakers ] >> that makes my head hurt just to hear you say that sentence. >> take two advil because it's not going away and this is a solution. >> i want to bring in republican congressman michael grimm joining us on capitol hill. congressman, thanks for being with us late at night. do you see a glimmer of hope here in what the president said today? >> michael's a new yorker. he's used to late nights. >> you're absolutely right about that. i am used to late nights. i think there is a glimmer of hope here. but it is going to take leadership from every side. listen. all of this has been coming to a head for awhile. this i three years in the making. it's a lot of things. i actually think that the fight isn't with republicans and the president on this one. i know a lot of people might disagree. but i think it's a
now, he may not want to negotiate about the debt ceiling. he may not want to negotiate about the government shutdown without the clean c.r. so then they should negotiate about what they're going to negotiate if and when -- [ overlapping speakers ] >> that makes my head hurt just to hear you say that sentence. >> take two advil because it's not going away and this is a solution. >> i want to bring in republican congressman michael grimm joining us on capitol hill. congressman,...
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is set to hit the debt ceiling. six-week debt ceiling deal would take us to november 22nd, just as holiday shopping season gets under way. >> the president said the other he will meet with house republicans and senate democrats and house democrats, this is the final piece of the puzzle. they're not as a hard of a sell as house republicans but we'll be waiting to see any indications of agreement coming out of that meeting as well here in a couple hours. >> brianna we get word some senate republicans are working on a plan of their own, a little bit closer to what the white house is after here but that aside we saw in your piece that poll showing that a majority of americans blame the republicans for this partial government shutdown compared to 31% for president obama. that's a 22-point spread which by the way is bigger than the shutdown in the 1990s. so the question is, did republican lawmakers look at those numbers and say hey, we have to do something here? >> they're not publicly saying that, john, but i think all a
is set to hit the debt ceiling. six-week debt ceiling deal would take us to november 22nd, just as holiday shopping season gets under way. >> the president said the other he will meet with house republicans and senate democrats and house democrats, this is the final piece of the puzzle. they're not as a hard of a sell as house republicans but we'll be waiting to see any indications of agreement coming out of that meeting as well here in a couple hours. >> brianna we get word some...
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Oct 20, 2013
10/13
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the debt ceiling to most people seems bizarre. if a congress agrees on various spending things, the idea it has to separately agree to raise the debt ceiling, to raise the money to pay for them seems crazy. it invites what martin said, which is this sort of internal inconsistency. congress is say, yes, yes, we're going to vote for the spending but we're not going to -- >> to borrow the money to pay for the spending. >> above your piece was an interesting piece by a chinese economist, david li, very well respected by the chinese government, in which he said, look, it's mystifying how the united states is acting but it's also mystifying why china continues to buy so much american debt, why the chinese buy so many treasury bills. he outlines a simple way in which the chinese can diversify into a bunch of things. they could easily put a trillion, trillion and a half dollars into other countries' bonds, into corporate bonds, which are all very high quality. don't you think that people in china and perhaps in other countries are wonderi
the debt ceiling to most people seems bizarre. if a congress agrees on various spending things, the idea it has to separately agree to raise the debt ceiling, to raise the money to pay for them seems crazy. it invites what martin said, which is this sort of internal inconsistency. congress is say, yes, yes, we're going to vote for the spending but we're not going to -- >> to borrow the money to pay for the spending. >> above your piece was an interesting piece by a chinese...
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Sep 26, 2013
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they have to trays debt ceiling. just speaking from a mark perspective, they have to do that but they might not, right? >> right. it is absolutely going to be big aer fight. you and i spoke last night about this republican plan that we were told about that was in the works now. today, republican leaders need to present it to the rank and file. and yes, it raises the debt ceiling. it has everything that the republican party has and the republicans and the house has passed the entire year. the entire laundry list. the white house, they looked at this and said really? are you kidding? is this a joke? not only do they not want to negotiate. they don't think it is possible to negotiate on this kind of thing. they're not taking it seriously. this means it is going to go down to the wire. in material of the substance, you understand this very well. the republicans in the house in particular, many of whom were elected in 2010 say they came here to deal with one big problem and that's the nation's debt. and where better to ne
they have to trays debt ceiling. just speaking from a mark perspective, they have to do that but they might not, right? >> right. it is absolutely going to be big aer fight. you and i spoke last night about this republican plan that we were told about that was in the works now. today, republican leaders need to present it to the rank and file. and yes, it raises the debt ceiling. it has everything that the republican party has and the republicans and the house has passed the entire year....
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nine days until we hit the debt ceiling. senate democrats are set to introduce a bill to increase the borrowing limit. president obama and house speaker john boehner remain divided over whether there's support in the house to re-open the government. a new cnn/orc poll show 63% of people blame the republicans while 57% blame democrats. >>> more saber rattling from north korea. wrong ka pyongyang putting its military on high alert. the u.s. moved a group of ships into a south korean port. >>> the atf preventing the publication of a new book about the failed fast and furious operation. the program allowed 2,000 guns to cross into mexico, then lost track of hundreds of them. at least one of those guns was linked to the death of this man, border agent brian terry. now officials say federal agent and whistle-blower john dodson's account of the program is bad for morale. he'll join us later this morning at 8:20 eastern. >>> a court hearing today to decide what exactly to do with a 9-year-old runaway who slipped past security and bo
nine days until we hit the debt ceiling. senate democrats are set to introduce a bill to increase the borrowing limit. president obama and house speaker john boehner remain divided over whether there's support in the house to re-open the government. a new cnn/orc poll show 63% of people blame the republicans while 57% blame democrats. >>> more saber rattling from north korea. wrong ka pyongyang putting its military on high alert. the u.s. moved a group of ships into a south korean...
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Oct 10, 2013
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>> i think it's more likely we'll have debt ceiling and cr conversation, obviously, we wish this would have been resolved a week ago and get this done or two weeks ago so we never walk into it. the closer to the debt ceiling, let's do some of this probably not long term but short term to get resolution and negotiate and get things solved long term. i would like to get america fully work to work again. >> james you were with the president tonight. word was leaking out he was saying look, if it takes an extension of, say, six weeks to resolve this debt ceiling situation, we can alleviate some of the problems through that period then that may be the way to go so the republicans can save faith so we can get the government going again. is that your understanding? >> i think that's accurate. i think the president showed flexibility and he made the point that he's made all along which is that he is not going to negotiate as long as one party is saying that they will bring down the global economy through a default on our debt by not paying our bills or that they will hold up a shut down of the
>> i think it's more likely we'll have debt ceiling and cr conversation, obviously, we wish this would have been resolved a week ago and get this done or two weeks ago so we never walk into it. the closer to the debt ceiling, let's do some of this probably not long term but short term to get resolution and negotiate and get things solved long term. i would like to get america fully work to work again. >> james you were with the president tonight. word was leaking out he was saying...
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Sep 30, 2013
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and if you go over the debt ceiling and you don't raise the debt ceiling, that is sending a signal to the world, and the borrowing costs up, and making the debts and the deficits worst at the time when we are arguing about growing debts and deficits, and so that the world is upsidedown, and the shutdown is just proof of that. >> oh! i guess i have to agree with that even though i don't want to. christine romans live for us in new york this morning. >>> still to come in the newsroom, the tea party is back front and center in fight to de-fund obama care, as we look at the looming government shutdown. i will talk to the leader of the tea party next. i want peacocks. peacocks? walking the grounds. in tuscany. [ man ] her parents didn't expect her dreams to be so ambitious. italy? oh, that's not good. [ man ] by exploring their options, they learned that instead of going to italy, they could use a home equity loan to renovate their yard and have a beautiful wedding right here while possibly increasing the value of their home. you and roger could get married in our backyard. it's robert, da
and if you go over the debt ceiling and you don't raise the debt ceiling, that is sending a signal to the world, and the borrowing costs up, and making the debts and the deficits worst at the time when we are arguing about growing debts and deficits, and so that the world is upsidedown, and the shutdown is just proof of that. >> oh! i guess i have to agree with that even though i don't want to. christine romans live for us in new york this morning. >>> still to come in the...
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Sep 27, 2013
09/13
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the president said firmly again today that he will not negotiate over the debt ceiling. dana bash is on capitol hill tonight. congress hasn't figured out how to avoid the government shut down but already gearing up for the next showdown? >> reporter: absolutely. it does seem odd, although it's not that far away, one of the main reasons is because republicans consider these things very much connective for a couple of reasons. but primarily just in terms of controlling the restive caucus that john baner has. and he flows some lessons about this. he wants to try to tell them, look, hopefully from their perspective, they'll pass a bill to fund the government. it may not have the other things, obamacare defunding in it, they shouldn't worry so much about it and they have a laundry list of things. one congressman said they're putting on there pretty much everything the house republicans debated the entire year, and they're doing it primarily in order to try to calm the republican caucus. because they know how hard it is to get consensus in order to get votes. >> i mean, at thi
the president said firmly again today that he will not negotiate over the debt ceiling. dana bash is on capitol hill tonight. congress hasn't figured out how to avoid the government shut down but already gearing up for the next showdown? >> reporter: absolutely. it does seem odd, although it's not that far away, one of the main reasons is because republicans consider these things very much connective for a couple of reasons. but primarily just in terms of controlling the restive caucus...
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down in 17 years. >> we have never had a debt ceiling default. go ahead. >> i have just come back from overseas and overseas people are completely gob smacked. they can't believe this. the financial times headline is united states flirting with self destruction. that is just the shut down. now with the idea of a default people are freaking out. the markets hate what speaker boehner said yesterday we are not going to pass a clean debt ceiling bill. do you know what makes america a superpower? what makes america a superpower is not just its military and democracy but it's great confidence in finances. and if some petty political argument is going to strip the confidence to the world's most powerful currency it's like unilateral disarmament. it's like self destruction. >> one at a time. anna -- >> 2011 -- >> you had -- >> we are not going to default. >> let me tell you this it takes two to tan go and two to argue. the defense of one side or the other is not leading to a result. the bottom line the american people want congress and the white house to
down in 17 years. >> we have never had a debt ceiling default. go ahead. >> i have just come back from overseas and overseas people are completely gob smacked. they can't believe this. the financial times headline is united states flirting with self destruction. that is just the shut down. now with the idea of a default people are freaking out. the markets hate what speaker boehner said yesterday we are not going to pass a clean debt ceiling bill. do you know what makes america a...
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we know we're on top of the debt ceiling vote. there is a strong possibility if they were willing to sit down and listen to us, that we would put a package together and solve the problems at once, stop the government shutdown and deal with the debt ceiling. that's the type of leadership the country need and deserves and the people out of work are expecting. that's what we're going to try to do. >> well, the question that looms, though, is that if it's just this little slice of your party you say is pushing an extreme or a fringe idea, why are you listening to it so much within your party? why is what you're calling a small group allowed to dictate the action of the entire conference? >> well, there's several things. you can't look at this in a vacuum. if we look what happened over the last couple years, several times we've tried to mac a deal with the democrat side to say, listen, we'll ignore a certain part of our conference and we're going to work with you to pass a bill in a bipartisan way. the farm bill is a perfect example. w
we know we're on top of the debt ceiling vote. there is a strong possibility if they were willing to sit down and listen to us, that we would put a package together and solve the problems at once, stop the government shutdown and deal with the debt ceiling. that's the type of leadership the country need and deserves and the people out of work are expecting. that's what we're going to try to do. >> well, the question that looms, though, is that if it's just this little slice of your party...
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the debt ceiling deadline. when it strikes midnight, no one really knows. depending on whom you listen to, the results could be catastrophic for our financial markets and economic health or something far less severe could happen. here's what we do know. many angry and upset that we reached this point at all. that morning, we'll lay out the dominos that could fall and on whom, the implications for you and your wallet and we're going to press members of congress for answers. >> but first let's bring you up to date on what we know right now. just yesterday, late yesterday, just past 10:00 the senate quit for the night, close to a deal but no deal yet. at 9:30 this morning, the financial markets will open. many wondering if congressional leaders will try to signal a deal is imminent before that to talk investors. the house returns at 10:00 and the sna the is back at noon. honestly, beyond that we do not know a whole lot about how this will play out today. the hardest to convince remain conservative republicans, esp
the debt ceiling deadline. when it strikes midnight, no one really knows. depending on whom you listen to, the results could be catastrophic for our financial markets and economic health or something far less severe could happen. here's what we do know. many angry and upset that we reached this point at all. that morning, we'll lay out the dominos that could fall and on whom, the implications for you and your wallet and we're going to press members of congress for answers. >> but first...
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republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for the president to sit down with us, harry reid, sit down with us and let's solve the problem! >> republican leaders point to new polls suggesting they want the president to actually negotiate on the issue of the debt ceiling. >> after five months of testimony, jurors in the michael jackson wrongful death trial are now actually deliberating that case. singer's family is suing concert promoter aeg live for billions of dollars. they are claiming the company that promoted jackson's comeback concert is liable for h death as well. here is casey wian. ♪ >> reporter: michael jackson never got the chanc
republicans say they will raise the debt ceiling under certain conditions. the president says he is not going to play that game. >> to suggest america not pay its bills, just to try to blackmail a president into giving them some concessions on issues that have nothing to do with the budget. i mean, this is the united states of america. we are not a deadbeat nation. >> the president says, "i'm not going to negotiate." i'm sorry, it doesn't work that way. >> we ask for...
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ceiling 18 times, with you now all of a sudden the black man wants to raise the debt ceiling and then our country is -- [ inaudible ] don't put stock into what red ford is saying. but racism is here. ray sis sem part of the conversation and will continue to be a part of the conversation. >> so anna, before i let you go back -- >> let me just say. let me say this. the last time we add government shut down was under president bill clinton pip know he liked to think of himself as the first black president. but let's say it, the man was pasty white, is pasty white. >> i know where you're going. there was a lot of hate for bill clinton and bill clinton was a white president and the republicans hated him just as much. we cannot deny -- >> -- george w. bush. it is a polarized political environment. >> here is what i want to talk about. people say stop calling it obama care. the president embraced that term. quickly, can we talk about that? anna, in the beak, you said, if it was anti-aging or affordable, more popular when you call it that wab that more people would buy it. i say we should cal
ceiling 18 times, with you now all of a sudden the black man wants to raise the debt ceiling and then our country is -- [ inaudible ] don't put stock into what red ford is saying. but racism is here. ray sis sem part of the conversation and will continue to be a part of the conversation. >> so anna, before i let you go back -- >> let me just say. let me say this. the last time we add government shut down was under president bill clinton pip know he liked to think of himself as the...
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the president said firmly today he will not negotiate over the debt ceiling. are they already gearing up for the next showdown? is that right? >> reporter: absolutely right. they huddled over what kind of package they want to put together. it does seem odd but it's only 2 1/2 weeks away. one of the main reasons, the republicans consider these things very much connected for a couple of reasons but primarily in terms of controlling the rest of the caucus that john boehner has and he knows he's learning some lessons about this. he wants to try to tell them, look, hopefully from their perspective they will pass a bill to fund the government. it may not have the spending cuts on it. it may not have some of the other things on it, but they shouldn't worry so much because the next fight is just around the corner and they have a laundry list of things. one republican congressman, anderson, said to me they're putting on everything that the house republicans voted on this entire year. the keystone pipeline, tax reform. delaying obamacare. and they're doing it primarily
the president said firmly today he will not negotiate over the debt ceiling. are they already gearing up for the next showdown? is that right? >> reporter: absolutely right. they huddled over what kind of package they want to put together. it does seem odd but it's only 2 1/2 weeks away. one of the main reasons, the republicans consider these things very much connected for a couple of reasons but primarily in terms of controlling the rest of the caucus that john boehner has and he knows...
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there are real issues -- >> we haven't gotten to the debt ceiling. that's october 17th. that's not even here yet. we haven't gotten to the debt ceiling. >> president reagan said it would be reckless and irresponsible for a political group to try to interfere with us paying the debt we'll see how this philosophy will fare. >> he didn't think it was the right thing to do with that much debt. that was half as much debt as we have today. >> thank you. >> thank you, don. >> i'm only voicing the frustration of the american people here. we appreciate you coming on to cnn. >>> the gulf coast bracing for tropical storm karen right now. the storm now spinning in one spot as if it's deciding where it wants to strike. we'll go live to the gulf coast and that's next. [ female announcer ] we lowered her fever. you raise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know
there are real issues -- >> we haven't gotten to the debt ceiling. that's october 17th. that's not even here yet. we haven't gotten to the debt ceiling. >> president reagan said it would be reckless and irresponsible for a political group to try to interfere with us paying the debt we'll see how this philosophy will fare. >> he didn't think it was the right thing to do with that much debt. that was half as much debt as we have today. >> thank you. >> thank you,...
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may be, there's real gravity in the debt ceiling and failing to raise that over time. so i think as time goes on, you're closer to an agreement. but right now, absent any kind of cross party talk in the leadership, i think there's cross party talk beneath the leadership, but there isn't any at the top. absent that, it's positioning on both the democrats and republican side. one is they shut down the government and hurting babies and national security. the other is wait a second. you won't sit down and talk to us about it. >> candy, you're plugged in as anyone i know. i've been meaning to ask you about this. when you look at this 20, 30, 40 whatever it is right wing republicans that the democrats say are behind the whole thing and there's moderate democrats nervous about what they're all up to, do you see any potential, some people are saying there's almost a third party emerging in american politics. do you think that theory has traction? >> i think third party is just as a general statement, third parties have a very tough time gathering steam just because of the way
may be, there's real gravity in the debt ceiling and failing to raise that over time. so i think as time goes on, you're closer to an agreement. but right now, absent any kind of cross party talk in the leadership, i think there's cross party talk beneath the leadership, but there isn't any at the top. absent that, it's positioning on both the democrats and republican side. one is they shut down the government and hurting babies and national security. the other is wait a second. you won't sit...
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is three days away from the debt ceiling deadline. the possibility of default, sparking concern of potential economic turmoil around the world. >> if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession, or even worse. >> reporter: here at home, a default could mean a serious hit to your investment, like your 401k, wall street now waiting on washington to dictate the trades as banks are predicting the s&p 500 could see painful losses, as high as 45% if an agrow. isn't reached. >> here in chicago, we have seen the housing market really pick up in the last 84, like many places, that has been helped by low interest rates for people looking for loans. but all of that could change if the government defaults because interest rates could spike or even worse we could see another credit squeeze making it much 45rder to borrow. >> a default means interest rates for credit cards and student loans would spike as well and payments from the government would degree up. >> washington m
is three days away from the debt ceiling deadline. the possibility of default, sparking concern of potential economic turmoil around the world. >> if there was a problem lifting the debt ceiling, it could well be that what is now a recovery would turn into a recession, or even worse. >> reporter: here at home, a default could mean a serious hit to your investment, like your 401k, wall street now waiting on washington to dictate the trades as banks are predicting the s&p 500...
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Oct 17, 2013
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the debt ceiling has been increased. but the problem is, the ominous specter of facing a new one in a few months. we bring in our friend, man, mentor, piers morgan. host of "piers morgan live." if i only had a copy of -- oh, wait. "shooting straight: guns, guys law and george clooney." you have characteristically, one, stepped up and come here this morning after a late night. >> leaving this building at 1:30 a.m. dedication. >> more reason for your celebration. i'm at the front of the parade. i ask you this. you have been aggressive in dealing with why this should have never happened. >> yeah. >> as they pat themselves on the back this morning and say, see, we did it, what message should loom large? >> get back to damn work. do your jobs. the idea that millions of americans, not just the furloughed americans, because they're likely to get their money back, what about the millions of americans, the bar workers who work near the statue of liberty who lost money for two weeks that they will never get back. what about the pa
the debt ceiling has been increased. but the problem is, the ominous specter of facing a new one in a few months. we bring in our friend, man, mentor, piers morgan. host of "piers morgan live." if i only had a copy of -- oh, wait. "shooting straight: guns, guys law and george clooney." you have characteristically, one, stepped up and come here this morning after a late night. >> leaving this building at 1:30 a.m. dedication. >> more reason for your celebration....
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Oct 20, 2013
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to the partial government shutdown and raising the debt ceiling. >> the political spectacle made for feverish copy but we'll look at whether the media was distracted from underlying economic issues and news organizations report the death of a member of congress only to discover he's still alive. too late to headoff retweets. another case study in fast and furious world of contemporary reporting and thomas drake traveled to moscow to visit edward snowden. we'll talk to drake about that meeting and about his own experiences in revealing secrets the nsa wanted to hold tight and arriving this weekend to a theater near you -- >> this is information the world needs to know. >> we need to crush these guys. >> a take on wikileaks founder julian assange. the man who says there should be no secrets. i'm david folkenflik and this is "reliable sources." >>> today we'll consider how the news you consume gets to you and how that flow of information can get cutoff and what changes are made in coverage. take this month's political drama over the partial government shutdown and the del ceiling debate
to the partial government shutdown and raising the debt ceiling. >> the political spectacle made for feverish copy but we'll look at whether the media was distracted from underlying economic issues and news organizations report the death of a member of congress only to discover he's still alive. too late to headoff retweets. another case study in fast and furious world of contemporary reporting and thomas drake traveled to moscow to visit edward snowden. we'll talk to drake about that...
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Oct 18, 2013
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you voted against lifting the debt ceiling. if everybody had followed your leadership, sir, today we would be in economic catastrophe. how do you justify that vote? and what do we think about from you going forward? how do you justify that vote? >> i voted no yesterday because it was a bad deal for the american people. the president got a blank check on the national debt into the middle -- the middle of next spring. the date is february but it could be pushed with extraordinary measures into march and april. >> you'd rather the government be shut down right now and in default right now? >> the president's had some great rhetoric in the last couple weeks. but lost if that rhetoric is this. that 27 times in the last 40 years budget spending reduction deals came in conjunction with the debt ceiling increase. presidents reagan, clinton, george herbert walker bush, even this president a few years ago. >> you have done a great job of making sure we're aware of that history. the history i'm concerned about is last night in your vote.
you voted against lifting the debt ceiling. if everybody had followed your leadership, sir, today we would be in economic catastrophe. how do you justify that vote? and what do we think about from you going forward? how do you justify that vote? >> i voted no yesterday because it was a bad deal for the american people. the president got a blank check on the national debt into the middle -- the middle of next spring. the date is february but it could be pushed with extraordinary measures...
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will run out of money to pay all its debts until the debt ceiling is raised. jack lew has said i'm out of magic tricks. out of them by tomorrow. it's estimated that the u.s. is going to have about $30 billion on hand tomorrow. plus, there's going to be money coming in from tax receipts. so remember that the 17th isn't necessarily a drop dead date as far as the default goes. wall street thinks that the real default date may happen sometime in late october. whatever the case, though, the threat of a default has really been unsettling for investors and driving up rates on short-term u.s. treasuries just in case there's some kind of disruption in the ability of the u.s. to pay out on the bonds. you're seeing more of the nervousness play out in the short-term treasury department than stocks even though we did see the selloff yesterday. >> we've been talking about how do you prioritize the bills that you pay. >> that's what affects americans the most. i'll give you an idea of what kind of hurdles that we're going to face if we get into the uncharted waters. tomorrow
will run out of money to pay all its debts until the debt ceiling is raised. jack lew has said i'm out of magic tricks. out of them by tomorrow. it's estimated that the u.s. is going to have about $30 billion on hand tomorrow. plus, there's going to be money coming in from tax receipts. so remember that the 17th isn't necessarily a drop dead date as far as the default goes. wall street thinks that the real default date may happen sometime in late october. whatever the case, though, the threat...
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Sep 26, 2013
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if we refuse to raise the debt ceiling. they think that will be very hard on the republican party's national image. but on the house side in particular, you have republicans that are in districts that really say fine, shut down the government, if that's what it takes. so the risks to the -- certainly to the imagery of the republican party, arepublicans think is high when it comes to shutting down the government. they do think, by the way, even the republicans who say we're not going to shut down the government, let's just get it done, say we would like to get rid of obama care. >> they agree on that. >> this is the big old wish list. we would love to get rid of it, but this isn't the way to do it. i think over the next year or two years or five years, you'll see adjustments, maybe you'll see big adjustments to this law. again, they're going to try to delay it for a year. we'll see if that pans out. it doesn't look likely given the numbers in the senate. i think it's just the beginning of it, but i think most of the folks on
if we refuse to raise the debt ceiling. they think that will be very hard on the republican party's national image. but on the house side in particular, you have republicans that are in districts that really say fine, shut down the government, if that's what it takes. so the risks to the -- certainly to the imagery of the republican party, arepublicans think is high when it comes to shutting down the government. they do think, by the way, even the republicans who say we're not going to shut...
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ceiling essentially gave in or the debt ceiling was increased, they were still blamed for the effect on the markets. sometimes if you have political opposition, they're never going to agree with you. lot of this is just the clash of ideals, and everyone's got an argument on both sides of this, but we need to get down to the clear part of this. the american people rejected obama care. the president is willing to put all of that on the line to save his namesake piece of legislation which i think will go down in history as the largest political tantrum ever. >> why is it the president putting his reputation on the line when it is you and your faction that made the shutdown a condition of funding the government and dealing with obama care. did you that. not the president. shouldn't it be on you? >> i think you have to ask the founding fathers why they granted the authority to congress then. it's all in article i, and in the house of representatives we have to start all revenue bills by the original clause, all spending starts here. they gave that authority to the house of representatives
ceiling essentially gave in or the debt ceiling was increased, they were still blamed for the effect on the markets. sometimes if you have political opposition, they're never going to agree with you. lot of this is just the clash of ideals, and everyone's got an argument on both sides of this, but we need to get down to the clear part of this. the american people rejected obama care. the president is willing to put all of that on the line to save his namesake piece of legislation which i think...
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to the debt ceiling, this is going to be a huge economic problem. >> yep. >> not only in the united states but globally, wouldn't you think? >> i completely agree with you, gloria borger, thank you for your time. cnn crossfire has the latest, ralph nader and carly fiorina are the guests. tune in tonight at 7:30 eastern for that coverage. >>> the u.n. is demanding syria get rid of all chemical weapons. we will tell you about it after the break. hey linda! what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. ♪ unh ♪ [ male announcer ] you can choose to blend in. ♪ or you can choose to blend out. the all-new 2014 lexus is. it's your move. >>> so we have been watching the events on capitol hill this saturday, watching both sides, the house and senate try to hash out a bill to come up with to keep the government from shutting down at midnight monday. we did expect house speaker
to the debt ceiling, this is going to be a huge economic problem. >> yep. >> not only in the united states but globally, wouldn't you think? >> i completely agree with you, gloria borger, thank you for your time. cnn crossfire has the latest, ralph nader and carly fiorina are the guests. tune in tonight at 7:30 eastern for that coverage. >>> the u.n. is demanding syria get rid of all chemical weapons. we will tell you about it after the break. hey linda! what are you...
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house speaker john boehner made a key admission about the debt ceiling, a republican who spoke to cnn after a private meeting with house gop member said boehner informed them he will not allow a default to happen, even if it means relying on votes from democrats. >> i'm all wired up here. >> reporter: in a city that lives for an open mike moment to pull back the curtain. >> i just did cnn and just go over and over again we're willing to compromise, we're willing to negotiate. >> reporter: rand paul delivered. >> i don't think they've poll tested we won't negotiate. i think it's awful for them to say that over and over again. >> i do, too, and i just came back from the two-hour meeting with them and that was, that was basically the same view privately as it was publicly. >> if we keep saying we wanted to defund it, we fought for that but now we're willing to compromise on this, i think they can't -- we, i think, i know we don't want to be here, but we're gonna win this i think. >> reporter: at a campaign stop in maryland, president obama pulled an ace out of his sleeve sounding an alar
house speaker john boehner made a key admission about the debt ceiling, a republican who spoke to cnn after a private meeting with house gop member said boehner informed them he will not allow a default to happen, even if it means relying on votes from democrats. >> i'm all wired up here. >> reporter: in a city that lives for an open mike moment to pull back the curtain. >> i just did cnn and just go over and over again we're willing to compromise, we're willing to negotiate....
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we have the debt ceiling. so which can have a greater effect on you and the country and the economy? we're taking a closer look. that's next. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. a writer and a performer. ther, i'm also a survivor of ovarian and uterine cancers. i even wrote a play about that. my symptoms were a pain in my abdomen and periods that were heavier and longer than usual for me. if you have symptoms that last two weeks or longer, be brave, go to the doctor. ovarian and uterine cancers are gynecologic cancers. symptoms are not the same for everyone. i got sick... and then i got better. her busy saturday begins with back pain, when... hey pam,
we have the debt ceiling. so which can have a greater effect on you and the country and the economy? we're taking a closer look. that's next. nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business...
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sequestration came in and as for the deficit and debt ceiling -- down the road. and so we come to the budget crisis of the past few days where the u.s. came as close to default as it ever wants to. the debt ceiling was finally raised, the u.s. government was reopened, but, of course,
sequestration came in and as for the deficit and debt ceiling -- down the road. and so we come to the budget crisis of the past few days where the u.s. came as close to default as it ever wants to. the debt ceiling was finally raised, the u.s. government was reopened, but, of course,
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>> first place, i hope we solve this before we get to the deadline of the debt ceiling. could there be a deal on everything? absolutely. but what is lacking right now is communications. the house, again, i'm not going to get into blaming. i think we're way beyond that. the house has established a process. we have a conference committee ready to meet. it requires the president, by the way, has been clear he will not negotiate with the house, which i think is, you know, is frankly not productive. the president of the united states must lead and he must negotiate. the house needs to lower the rhetoric. the senate needs to lower the rhetoric. if we do that and focus on the real issues, not on the peripheral issues that are good sound bites on the real issues, how do we move forward, we can get there. i hope we do it before the debt ceiling. could it be part of an overall deal? absolutely it could. but i just hope we do this the sooner the better for the sake of the country. also, by the way, just the visual of the world seeing ta we're closed down is not something that i thi
>> first place, i hope we solve this before we get to the deadline of the debt ceiling. could there be a deal on everything? absolutely. but what is lacking right now is communications. the house, again, i'm not going to get into blaming. i think we're way beyond that. the house has established a process. we have a conference committee ready to meet. it requires the president, by the way, has been clear he will not negotiate with the house, which i think is, you know, is frankly not...
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we are getting close to settling this budget fiasco we have and the debt ceiling deadline is around the corner. if congress doesn't raise the debt ceiling by august 17th, the treasury department won't be able to borrow and really only two sources of money to pay those bills. the estimated $30 billion of cash on hand and whatever daily revenue that comes in and we haven't seen any signs that congress can agree on anything, so stand by. that clock is ticking. it seems like summer just ended and we are talking about the holidays. p.s., i've already started my christmas cards. the national retail federation says it expects sales in november and december to increase by about 4% so that is about a half percent better than yesterday and higher than the average holiday sales growth but holiday sales could be affected by congress does or what it doesn't do in the next 45 days. >> explode the economy with the debt ceiling. >> all over. who knows. it could be a big dent there, right? i do have some positive news i want to leave you guys with. a starbucks will sell its braille gift cards year-round
we are getting close to settling this budget fiasco we have and the debt ceiling deadline is around the corner. if congress doesn't raise the debt ceiling by august 17th, the treasury department won't be able to borrow and really only two sources of money to pay those bills. the estimated $30 billion of cash on hand and whatever daily revenue that comes in and we haven't seen any signs that congress can agree on anything, so stand by. that clock is ticking. it seems like summer just ended and...
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he's talking about the debt ceiling. what does he say about what could really happen if the debt ceiling is not raised, especially in the next few days? >> well he didn't mince words about it he spoke yesterday to our poppy harlow. they sat down for an interview in new york. take a listen. he talks about dire consequences if woe don't end the partial government shutdown. take a listen. >> the consequences are dire. our standing in the world, the fracturing of consumer confidence, the psyche of the american people, small and large businesses across the country will be significantly affected. no one will be immune. >> and it's very clear on the petition, they want three things, they want to reopen this government. they want to pay our debts, so we don't go into another financial crisis and they want a bipartisan and comprehensive long-term budget deal by the end of the year. ana, victor? >> having this conversation over coffee is an example of bipartisanship, i suppose. >>> for the second time this week, a top commander in
he's talking about the debt ceiling. what does he say about what could really happen if the debt ceiling is not raised, especially in the next few days? >> well he didn't mince words about it he spoke yesterday to our poppy harlow. they sat down for an interview in new york. take a listen. he talks about dire consequences if woe don't end the partial government shutdown. take a listen. >> the consequences are dire. our standing in the world, the fracturing of consumer confidence,...
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Sep 28, 2013
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most people don't understand the difference between the spending bill and the debt ceiling coming up. here you have these lawmakers in congress going head to head and the americans on the whole don't get what's going on. is it really worth it? >> it's ridiculous what's going on. my friend crystal wright is mostly right. because this is going to be a very bad omen for the gop. they do not have a good image right now in terms of a party that understands what the american people are going through, what middle-class families are going there. i think what is going on here, alison, you're right, a lot of people don't understand the affordable care act, but also what we see is that the majority of people want to give it a chance to work. that's why it's laughable to me when the house republicans say they're listening to the american people. because they're not. the american people don't want a shutdown if there are changes that need to be made, and i and the president agree with crystal, come to the wibl with their ideas and the president and the democrats would be willing to listen, but do
most people don't understand the difference between the spending bill and the debt ceiling coming up. here you have these lawmakers in congress going head to head and the americans on the whole don't get what's going on. is it really worth it? >> it's ridiculous what's going on. my friend crystal wright is mostly right. because this is going to be a very bad omen for the gop. they do not have a good image right now in terms of a party that understands what the american people are going...
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from going over that debt ceiling and could stop that crisis. whether it happens this week or next week, remains to be seen but could be a major development in this discussion. >>> another major development is brewing off the gulf coast. tropical storm karen is gaining strength with an eye on that coast, maybe as soon as this weekend. it could make landfall as a hurricane. our indra petersons is live in pensacola this morning. what is the latest, indra some. >> reporter: we are seeing some winds picking up in the area. overall, typical kind of morning here in the region. not typically because we still have a hurricane watch. all eyes on the gulf as karen makes its way closer. this is one of our first systems of this season that could impact the u.s. mainland. current stat. the latest stats just came out showed it about 5 miles per hour. regardless it is still expected to strengthen potentially into a cat one hurricane as it makes its way closer. landfall looking like late saturday into early sunday morning. the track does continue to push hit fa
from going over that debt ceiling and could stop that crisis. whether it happens this week or next week, remains to be seen but could be a major development in this discussion. >>> another major development is brewing off the gulf coast. tropical storm karen is gaining strength with an eye on that coast, maybe as soon as this weekend. it could make landfall as a hurricane. our indra petersons is live in pensacola this morning. what is the latest, indra some. >> reporter: we are...
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Oct 19, 2013
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the debt ceiling was finally raised, the u.s. government was reopened, but of course it was only done by kicking the can into next year. so now there's another four months to try and reach a long lasting budget agreement. all involved would do well to remember an important economic fact. there comes a time when there's no longer any road to kick the can down. richard quest, cnn, new york. >>> all right. coming up next, why julian assange is giving a thumb's down to a movie about his life and the founding of wikileaks. >>> the movie "the fifth estate" hits theaters this weekend, but the wikileaks founder wants nothing to do with the movie, even called it toxic. >> man is least himself when he talks in his own person. put if you give him a mask, he will tell you the truth. >> reporter: hero or villain, the question many have asked about julian assange. holds is entering the debate with "the fifth estate." >> 12 million people have seen the video. still want to say it is a little website? >> we got along incredibly well, it was an a
the debt ceiling was finally raised, the u.s. government was reopened, but of course it was only done by kicking the can into next year. so now there's another four months to try and reach a long lasting budget agreement. all involved would do well to remember an important economic fact. there comes a time when there's no longer any road to kick the can down. richard quest, cnn, new york. >>> all right. coming up next, why julian assange is giving a thumb's down to a movie about his...
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Sep 20, 2013
09/13
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we have been attaching things to the debt ceiling since dwight eisenhower in the 1950s. it's the president who doesn't budge and no matter how bad things are with obama care, he won't fix anything. he won't negotiate anything. now boehner and the republicans today are going to vote to keep the government open and they're going to send a bill to the senate that would keep the government open. and i think the question is, will harry reid and the democrats even negotiate? will the president even negotiate? you know, i don't think it can be either/or. you can't say -- this isn't a dictatorship. the president can't say give me exactly what i want or i'll blame you. >> look, i totally agree with you but it's about the nature of the dynamite you use to push for compromise. you took a beating in '95 and '96 personally after the shutdown. bill clinton got a huge infusion of popularity, his polls popped. he rolled in the next election. you know that it was perceived as bad, especially for you. it seemed that you had distanced yourself from the american people in favor of your own
we have been attaching things to the debt ceiling since dwight eisenhower in the 1950s. it's the president who doesn't budge and no matter how bad things are with obama care, he won't fix anything. he won't negotiate anything. now boehner and the republicans today are going to vote to keep the government open and they're going to send a bill to the senate that would keep the government open. and i think the question is, will harry reid and the democrats even negotiate? will the president even...
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Jan 19, 2013
01/13
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there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the inauguration, it is as tight as it can possibly get, like the motherload of security here. joe johns is here with us to talk about the whole situation. what are we seeing? >> well, john, first of all, there are probably going to be something like 12,000 security people that we know of in and around the national mall for all of the events. so let's break that down a little bit. there are about 4,000 d.c. police officers all of whom will be available for security, different shifts probably working between 12 and 1 hours on sunday and on monday. we have something
there's an upcoming one with the debt ceiling. ep has to acknowledge this not so pretty reality in the washington as he gives a speech that's supposed to be inspirational. >> the reality is the same congress he was working with on friday will be the same congress he's working with come tuesday despite the speech. we'll watch closely to see more details coming up. thank you so much. we'll watch more of this ahead. >> we always know security is tight in washington, but for the...
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we hit that debt ceiling in may. the treasury department has been using extraordinary measures to keep the money going on october 17th you have $30 billion in the bank. sometime by the end that month, you're really not able to pay everything. we've never been here before, right? we've never been here before. an economist yesterday told me yesterday a vote not to raise the debt ceiling is a vote for the recession. i'm going to say again, a vote not to raise the debt ceiling is a vote for the recession. you would slam 33% of the spending out of the economy immediately. you'd balance the budget like that, that's especially what it is, right? and that means it's austerity. you're doing austerity in one month, just like that. >> it's a very spark decision. and if someone doesn't get paid, no one knows what happens. >> right. >> you're entering an abyss here. and it will be extremely, extremely problematic to say the least. >> that's what every economist, ceo and a person on the system works. there are more debt ceiling de
we hit that debt ceiling in may. the treasury department has been using extraordinary measures to keep the money going on october 17th you have $30 billion in the bank. sometime by the end that month, you're really not able to pay everything. we've never been here before, right? we've never been here before. an economist yesterday told me yesterday a vote not to raise the debt ceiling is a vote for the recession. i'm going to say again, a vote not to raise the debt ceiling is a vote for the...
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Oct 17, 2013
10/13
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the debt ceiling raised until early februa. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there did vote for it, joining 100%, every single democrat in that chamber. our jim acosta begins our coverage. >> the motion is adopted. >> reporter: just as the nation was on the brink, the house of representatives blinked. and passed the better senate compromise to raise the nation's debt ceiling. after a 16-day shutdown, the federal government will come back to life. thousands of employees returning to work in washington to critical medical research programs, to national parks, even the panda cam and the national zoo. >> we will begin reop
the debt ceiling raised until early februa. federal workers will receive pay dating back to the start of the shutdown so folks, you're going to get paid for not working. negotiations will begin between the house and the senate on a longer term budget deal. the senate voted overwhelmingly to support this bill 81-18 with majority with many republicans saying yes. the house gave its okay. the result there was a little bit closer. majority of republicans there said no, still 87 as you can see there...
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and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur murin
and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff....